Company News - 25 September 2018

Focusing on Summer Davos | AMTD Group signed a strategic cooperation agreement with Tianjin Municipal, AMTD’s corporate insurance brokerage and risk solutions business will be headquartered in Tianjin Free Trade Zone

The 12th World Economic Forum Summer Davos Annual Meeting (Annual Meeting of the New Champions) was held in Tianjin, China on 18-20 September 2018. The theme of this year's annual meeting was “Building an Innovative Society in the Fourth Industrial Revolution” (“在第四次工业革命中打造创新型社会”), attracting more than 2,000 political, business, academic and well-known media leaders from more than 100 countries and regions. As a global strategic partner of the World Economic Forum, AMTD Group participated in the annual meeting under the leadership of Calvin Choi, Chairman and President of AMTD Group, and discuss together with the guests on how the disruptive technology brought by the fourth industrial revolution can promote the transformation of enterprises and society to achieve sustainable growth. On September 18, during the 12th World Economic Forum Summer Davos Annual Meeting, Calvin Choi, Chairman and President of AMTD Group, and Zhao Haishan, Deputy Mayor of Tianjin Municipal People's Government and Deputy Mayor, Director of China (Tianjin) Pilot Free Trade Zone Administration conducted the comprehensive strategic cooperation agreement signed during the Annual Meeting of Winter Davos in Switzerland, and officially signed the strategic partnership agreement with the Tianjin Port Free Trade Zone under the Tianjin Free Trade Zone, AMTD’s corporate insurance brokerage and risk solutions business will be headquartered in Tianjin Free Trade Zone.

Both sides discussed regarding the implementation of comprehensive strategic cooperation. On behalf of the Tianjin Municipal Government, Deputy Mayor Zhao Haishan firstly expressed his warm welcome to AMTD Group to attend the Summer Davos Annual Meeting in Tianjin. He affirmed the outstanding achievements of AMTD Group in the international capital market in recent years, and said both sides have actively exchanged and visited over the past year. After the comprehensive strategic cooperation agreement signed during the Winter Davos Annual Meeting this year, both sides continued to implement the agreement deeply. On behalf of the Tianjin Municipal Government, he welcomed and supported AMTD Group to set up headquarters of corporate insurance brokerage and risk solutions business in Tianjin Port Free Trade Zone that under the Tianjin Free Trade Zone, and said that this will further promote the development of Tianjin's financial services industry. Deputy Mayor Zhao Haishan further pointed out that the Tianjin Port Free Trade Zone is part of the Tianjin Pilot Free Trade Zone. The major purpose of the Tianjin Pilot Free Trade Zone is to promote the coordinated development of Beijing-Tianjin-Hebei. Tianjin is currently increasing the intensity of the Tianjin Pilot Free Trade Zone, and will continuously to declare the “Beijing-Tianjin-Hebei Free Trade Port” with Beijing and Hebei, which is a platform for opening up the north and northeast of the whole Beijing-Tianjin-Hebei region. He encouraged AMTD Group to “take Tianjin as its home, dare to try and lead the innovation, bring in the advanced insurance service concept, provide supporting services for other industries, and further support the economy development”.

Calvin Choi, Chairman and President of AMTD Group, expressed his sincere thanks to the Tianjin Municipal Government and various departments for their support and assistance. He said that as the largest corporate insurance brokerage and risk solution firm in Hong Kong, AMTD Group has extensive experience in the international risk identification, control and solutions. As the bridgehead of the Belt and Road, the only free trade zone in the north, Tianjin plays an important role. AMTD’s corporate insurance brokerage and risk solutions business headquartered in Tianjin Free Trade Zone and brought years of experience of risk solutions in the international market to the Mainland, becoming an important professional risk consultant in Belt and Road’s business. Choi further pointed out that the goal of AMTD Group is to establish a Tianjin-based headquarters, with an international background of technical team, understanding of local customers and service capabilities, to serve the Belt and Road business along the line. To establish a new type of professional insurance brokerage firm that is highly specialized and enhance customer experience by using financial technology. "Our goal is to combine advanced insurance technology with the fast-changing new economy in China, and provide comprehensive risk solutions and management services for domestic corporate customers to develop in local and foreign markets by using professional insurance capabilities and new financial technology. To escort the implementation of the Belt and Road strategy"

Subsequently, under the joint witness of Deputy Mayor Zhao Haishan and Calvin Choi, Sidney Ku, CEO of AMTD Strategic Capital Group signed a strategic cooperation agreement with Ai Yamin, Vice Director of Tianjin Economic Development Zone Management Office. Also attending the testimony were Gao Lijuan, Vice Director General of TJMOFCOM, and Wayne Liu, President Special Assistant of AMTD Group.

AMTD Group is the largest local corporate insurance brokerage and risk solutions firm in Hong Kong with over 15 years of operation history and extensive industry experience, offering all types of insurance product in the market and has established long-term cooperation with a dozen of global insurance companies and insurance brokerage partners and has a wide network of industry resources. Corporate insurance brokerage and risk solutions is one of the core business of AMTD Group and a part of AMTD’s Ecosystem. It has been committed to escort more Chinese corporations through professional overall risk solutions, extensive cooperation networks, and unique value-added services for a long time, to assist Chinese corporations in their cross-border mergers and acquisitions, overseas investment and construction. To establish a more comprehensive risk control and evaluation mechanism to minimize losses, prevent risks and maximize revenue for enterprises and employees by using a comprehensive range of insurance products and scientific claims services.

The senior management team of the insurance brokerage and risk solutions business of AMTD Group has decades of industry experience. Achieving differentiated development and industry leadership by providing customers with a one-stop service covering the chain of risk resolution processes. AMTD Group's insurance brokerage business originated from CK Hutchison’s global investment and has extensive international risk advisory experience for large-scale infrastructure and energy projects around the world. Since its establishment in 2003, the insurance team has also undertaken global risk solutions for international shipping, port terminal infrastructure construction and logistics of Hong Kong blue chip companies including CK Hutchison, with business operations in Singapore, the UK, major countries and regions such as Europe, which has already become the largest local insurance brokers and risk consulting service providers in Hong Kong. The team continues to expand in the international market, helping more Chinese companies to achieve “going global”.

AMTD Group has always attached great importance to and continuously expanded its development in Tianjin. As the leading comprehensive financial institution in Hong Kong, AMTD actively assisted the corporations in Tianjin to expend in the international capital market, including the leading city commercial bank in Bohai Rim which successfully completed its H-share IPO with AMTD serving as the Joint Global Coordinator, Joint Bookrunner and Joint Lead Manager. AMTD Group has also assisted Tewoo Group, the largest state-owned material circulation enterprise in Tianjin, in the successful issuance of its overseas US dollar bonds. On 24th January 2018, during the World Economic Forum Annual Meeting in Davos, Mr. Zhao Haishan, Deputy Mayor of Tianjin, led a team from Tianjin and visited AMTD Corporate Centre. Mr. Zhao Haishan and signed strategic cooperation agreement with Mr. Calvin Choi, Chairman and President of AMTD Group on a series of cooperation, to continuously deepen the cooperation between AMTD Group and Tianjin in the fields of insurance brokerage, innovation economy, intelligent technology, talent cultivation and international capital market. Leaders at various level in Tianjin visited AMTD Group many times to deepen exchanges and discuss the opportunities for cooperation in various fields.

In January 2018, during the World Economic Forum Annual Meeting in Davos, AMTD Group signed the comprehensive strategic cooperation agreement the government of Tianjin. Photo: Mr. Zhao Haishan, Deputy Mayor of Tianjin (5th left), Mr. Calvin Choi, Chairman of the Board and President of AMTD Gorup (5th right), Mr. Li Hong, Deputy Director of Tianjin Committee of Commerce (2nd left), Mr. Zhang Xiaoxuan, General Manager of Tewoo Group (3rd left), Mr. Liang Yongcen, President of Tianjin Port Group (3rd right), Mr. Francis Leung, Chairman of the Chamber of Hong Kong Listed Companies and Co – Chairman of Global Advisory Committee of AMTD (2nd right), Prof. Timothy Tong, President of the Hong Kong Polytechnic University (4th right), Mr. Sin Yat-kin, Chief of Staff of AMTD Group (1st right) and Ms. Angie Lin, Head of Asset Management of AMTD Group (1st left) took a photo together in front of AMTD Corporate Centre in Davos